Sensex up marginally amid cautious trades

The Indian stock market is quite subdued amid cautious trades this morning, with investors appearing a bit wary of indulging in any big buying due to lingering worries about near term growth.

A lower growth projection for the year and doubts about near term market outlook after recent sharp run-up appear to be forcing a section of investors to stay away on the sidelines.

The BSE benchmark Sensex, which eased to 19,568.57, is currently up 9.58 points at 19,589.90. The Nifty index of the National Stock Exchange is up 1.20 points at 5940, after declining to around 5929 in opening trades.

ACC is down by a little over 1% at Rs 1330. The company announced after trading hours on Thursday that its consolidated profit after tax declined 18.56% to Rs 1059.28 crore on 11.28% growth in sales turnover to Rs 11130.56 crore in the year ended 31 December 2012 over the year ended 31 December 2011.